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a. What interest rate would make it worthwhile to incur a compensating balance of $15,000 in order to get a percent lower interest rate on

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a. What interest rate would make it worthwhile to incur a compensating balance of $15,000 in order to get a percent lower interest rate on a year, pure discount loan of $250,000 (Negative amount should be indicated by a minus sign. Do not round Intermediate calculations and round your answer to 2 decimal places)

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